Summer Student - Loan Settlement job opportunity at Voya Financial.

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DateMore Than 30 Days Ago bot
Voya Financial Summer Student - Loan Settlement
Experience: General
Pattern: full-time
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degreeGeneral
loacation Scottsdale, AZ, United States Of America
loacation Scottsdale, AZ....United States Of America

Together we fight for everyone’s opportunity for a better financial future. We will do this together — with customers, partners and colleagues. We will fight for others, not against: We will stand up for and champion everyone’s access to opportunities. The status quo is not good enough … we believe every individual and every community deserves access to financial opportunities. We are determined to support both individuals and communities in reaching a better financial future.  We know that reaching this future depends on our actions today. Like our Purpose Statement, Voya believes in being bold and committed to action.  We are committed to a work environment where the differences that we are born with — and those we acquire throughout our lives — are understood, valued and intentionally pursued. We believe that our employees own our culture and have a responsibility to foster an environment where we all feel comfortable bringing our whole selves to work. Purposefully bringing our differences together to positively influence our culture, serve our clients and enrich our communities is essential to our vision. Are you ready to join a company with a strong purpose and a winning culture? Start your Voyage – Apply Now Getting to Know the Opportunity: The Voya Investment Management Private Market Operations team is comprised of 22 investment support professionals. Within the Operations team, there is a 6-person Loan Settlement team. The team is seeking a Settlement Intern to settle loan trades. The individual will also assist the team in researching and maintaining correct asset positions of the various portfolios investing in the senior loan asset class. The Contributions You'll Make: Become fluent in multiple computer-based programs that involve input and analysis, including RDS, Aladdin and ClearPar. Review, verify, and settle trades via ClearPar or on paper documents, where required. Maintain, track, and prioritize all unsettled loan trades. Work closely with the cash team to determine daily cash requirements for settlements. Review and verify Funding Memo and relevant loan details. Co-ordinate and resolve any post trade settlement issues and cash queries with back office and trading counterparties. Ensure timely delivery of internal & external reports. Investigate discrepancies/audits and efficiently resolve sensitive operational issues. Coordinate with loan traders and internal/external Legal team(s) regarding proposed changes to trade and settlement documents. Work directly with clients, internal partners and external Agents to resolve issues and ensure smooth closing of all trades. Collaborate with external loan servicers to confirm trade closings, cash and agent position reconciliation. Coordinate and confirm corporate actions with trading. Coordinate with internal Legal team for client onboarding or any KYC requirements. Prepare and review settlement calculations including delayed compensation, cost of carry and benefit of commitment reductions. Understand and comply with firm policies and procedures while performing the responsibilities numbered above. Other duties as assigned Preferred Knowledge & Experience: Pursuing Bachelor’s degree or equivalent in finance, business or economics. Ability to perform self-directed work with multiple deadlines in a fast-paced and dynamic environment. Functional with Microsoft Windows (e.g., Excel, Outlook, Teams). Candidate must possess strong communication skills, be a team player, and have strong organizational skills with acute attention to detail. Ability to work in a hybrid capacity in the Scottsdale office. #LI-MN1 Compensation Pay Disclosure: Voya is committed to pay that’s fair and equitable, which means comparable pay for comparable roles and responsibilities. The below annual base salary range reflects the expected hiring range(s) for this position in the location(s) listed. In addition to base salary, Voya offers incentive opportunities (i.e., annual cash incentives, sales incentives, and/or long-term incentives) based on the role to reward the achievement of annual performance objectives. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Voya Financial is willing to pay at the time of this posting. Actual compensation offered may vary from the posted salary range based upon the candidate’s geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked. $23.00/hr. USD Be Well. Stay Well. Voya provides the resources that can make a difference in your lives. To us, this means thriving physically, financially, socially and emotionally. Voya benefits are designed to help you do just that. That’s why we offer an array of plans, programs, tools and resources with one goal in mind: To help you and your family be well and stay well. What We Offer Health, dental, vision and life insurance plans 401(k) Savings plan – with generous company matching contributions (up to 6%) Voya Retirement Plan – employer paid cash balance retirement plan (4%) Tuition reimbursement up to $5,250/year Paid time off – including 20 days paid time off, nine paid company holidays and a flexible Diversity Celebration Day. Paid volunteer time — 40 hours per calendar year Learn more about Voya benefits (download PDF) Critical Skills At Voya, we have identified the following critical skills which are key to success in our culture: Customer Focused : Passionate drive to delight our customers and offer unique solutions that deliver on their expectations. Critical Thinking : Thoughtful process of analyzing data and problem solving data to reach a well-reasoned solution. Team Mentality : Partnering effectively to drive our culture and execute on our common goals. Business Acumen : Appreciation and understanding of the financial services industry in order to make sound business decisions. Learning Agility : Openness to new ways of thinking and acquiring new skills to retain a competitive advantage. Learn more about Critical Skills Equal Employment Opportunity Voya Financial is an equal-opportunity employer. Voya Financial provides equal opportunity to qualified individuals regardless of race, color, sex, national origin, citizenship status, religion, age, disability, veteran status, creed, marital status, sexual orientation, gender identity, genetic information, or any other status protected by state or local law. Reasonable Accommodations Voya is committed to the inclusion of all qualified individuals. As part of this commitment, Voya will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please reference resources for applicants with disabilities . Misuse of Voya's name in fraud schemes

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